the ruling says the levys must forfeit all proceeds
i am not sure if that is just gains from stock sales or whether it includes fees for the "service" of stock fraud
either way FOR SURE GDGI will never have to pay those guilty bastids the 2.2 million that they "owe" to ez enlish
( a mere .8 million remains. pretty good for having all those patents locked down and the product well developed )
so yeah buddy. get back in if you look at my post history here i think it is pretty clear i am not trying to blow smoke up anybodys butt i call's em like i see's em and its not ALL good but its pretty damn good at .004 cents! screaming bargain!
the levys are going to jail
so i am pretty certain they will succeed in collecting money for defrauding gdgi and its stockholders
i kind of doubt they will get significant damages out of them though - cant squeeze blood from a stone and i would guess what they did not spend on their lavish lifestyle described elsewhere is either super well hidden or seized under forfeiture
BUT proceeds of forfeiture can be doled out by DOJ or SEC to compensate vicitms
would this be GDGI's stockholders or the company itself or both?
Cvegas glad to see you here again. The Levys were found guilty. They held about 2-2.2 mill debt. I believe that debt will be erased leaving about 800k left. $GDGI
You are 100 percent correct. That's the biggest reason im in this very long since the beginning of this year. 2.2m of debt to david levy aka ez english will be erased on the next financial report due to that DOJ conviction. that only leaves the company with 800k in debt. Now here is the mind blower- out of all the companies that the levy's BKed and are listed in that DOJ PR, GDGI is the only company left that is still active so they are eligible for unknown damage amounts.. The fines the levy's face is 10m so some of that should go to us :)
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